CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Shauna Bradley, Acting Director of Real Property Management |
Recommendation:
title
Approve and authorize the Acting Director of Real Property Management or her designee to sign the Lease Agreement (Lease) between Clark County and Schnitzer Properties - Nevada II LLC, for ±1,759 square feet of office and warehouse space at 3320 Sunrise Avenue, Las Vegas, NV (Premises) located on Assessor's Parcel Number 139-36-710-007 known as the District Court Storage and authorize the Acting Director or her designee to sign any other necessary documents related to management of the Lease. (For possible action)
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FISCAL IMPACT:
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Fund #: |
1010.000 |
Fund Name: |
N/A |
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Fund Center: |
1120102000 |
Funded PGM/Grant: |
N/A |
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Amount: |
$27,228 |
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Description: |
First year annual rent |
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Additional Comments: |
N/A |
BACKGROUND:
On February 18, 2014, Clark County (County) entered into a Lease Agreement with Harsch Investment Properties - Nevada II LLC, now known as Schnitzer Properties - Nevada II LLC, for the use of ±1,759 SF of office and warehouse space at 3320 Sunrise Avenue Las Vegas, NV for and on behalf of District Court (Original Lease). The Original Lease is due to expire on February 28, 2024.
This Lease will commence on March 1, 2024 and expires on February 28, 2026 with one (1) additional two (2) year option to renew thereafter. The monthly rent will be $1.29 per square foot or $2,269 a month which includes the proportionate share of operating costs and shall increase 4% annually. Late payments are subject to a 5% late penalty and 5% accruing interest.
Rent payments shall be paid directly by District Court or reimbursed to the County by District Court.
This item was presented to the County Long Range Planning Committee on January 24, 2024.